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EYE TECHNOLOGY, INC. ANNOUNCES INCREASED THIRD QUARTER SALES AND PROFITS

 ST. PAUL, Minn., Jan. 7 /PRNewswire/ -- Eye Technology, Inc. today announced its sales and earnings for the third quarter ended, Sept. 30, 1992. Net sales of $1,582,256 represented an increase of $282,410 (22 percent) over $1,299,846 reported for the third quarter last year. Net sales for the nine month period ended were $4,814,574, an increase of $1,346,824 (39 percent) over prior year nine month sales of $3,467,750. Earnings for the third quarter were $89,881, a 19 percent increase over prior year third quarter earnings of $75,666. For the nine month period ended, Sept. 30, 1992, earnings were $239,346 versus $88,574 representing a 170 percent increase over the corresponding period last year.
 "The positive results in the first nine months can be attributed to the expansion of the sales force during late 1991 and early 1992 as well as the introduction of the PhacoFineline(TM) series of intraocular lenses for small incision surgery. In order to complete domestic market coverage, Eye Technology must continue to attract and train qualified sales personnel during the next four quarters," reports Robert J. Fitzsimmons, president and chief executive officer.
 Eye Technology, Inc., based in St. Paul, manufactures and markets intraocular lenses used by opthalmic surgeons during cataract surgery. The company is currently quoted on the over-the-counter market via the National Quotation Service "Pink Sheets."
 EYE TECHNOLOGY, INC.
 CONDENSED CONSOLIDATED STATEMENT OF EARNINGS
 THIRD QUARTER RESULTS
 (Unaudited)
 Three Months Ended
 9/30/92 9/30/91
 Net sales $1,582,256 $1,299,846
 Net income 89,881 75,666
 Net income per share $.00 $.00
 Weighted average shares
 outstanding 24,791,032 22,946,706
 Nine Months Ended
 9/30/92 9/30/91
 Net sales $4,814,574 $3,467,750
 Net income 239,346 88,574
 Net income per share $.01 $.00
 Weighted average shares
 outstanding 24,476,167 22,727,385
 -0- 1/7/93
 /CONTACT: Debra J. McCoy, vice president-marketing and communications for Eye Technology, 612-774-9060/


CO: Eye Technology, Inc. ST: Minnesota IN: MTC SU: ERN

KH -- MN007 -- 2639 01/07/93 11:49 EST
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Date:Jan 7, 1993
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